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Spots popping up all over my PCGS 25th Set Proofs

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  • << <i>Hi, I just got off phone and they said to send them in. I asked if they would replace them and she said no they would clean it if they can. I'm boxing them up tonight.I'll post my results when returned.Laters >>



    How could they know they would not be replacing them without even seeing them?? image

    Eric

    Edited to add: "Also at $25 a coin I hope they clean it good" - I hope they clean it good too image
  • Just what she said.I think they would clean easy though.
  • hammer1hammer1 Posts: 3,874 ✭✭✭✭✭


    << <i>I hope my unopened 'box of five' sets isn't spotting in the dark there.....imageimage >>



    Selling sealed sets requires a big warning now.
  • CaptHenwayCaptHenway Posts: 32,731 ✭✭✭✭✭


    << <i>The spots are only on the regular proofs.In the shiny fields. I will call PCGS today and see what they say. >>



    Then this sounds like the problem is not with the holders, since one would assume that the same holders were used for all five coins from the set.

    I suspect that there was a quality control problem at the Mint during the time period that the Proofs were being made. Perhaps the planchets were not prepared properly, or the coins became contaminated after they were struck but before they were encapsulated. Perhaps there is some other explanation.

    A mint-caused problem could explain why only the Proofs are affected.

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • Why is this news? Isn't there already problems with milk spots on other mint Silver?

    We also don't know what conditions these have been kept. Some people short circuit that part.


  • << <i>...i'm just curious, has anyone ever heard of non U.S. coins being slabbed at the TPG's having the same problem? image >>



    I'd like to know this also
    UCSB Electrical Engineering....... USCG and NASA
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>Hi, I just got off phone and they said to send them in. I asked if they would replace them and she said no they would clean it if they can. I'm boxing them up tonight.I'll post my results when returned.Laters

    Also at $25 a coin I hope they clean it good >>




    Why do you have to pay $25 per coin??? Did PCGS totally get rid of their grading guarantee???? I know they went back on their copper color guarantee awhile back, but hadn't heard of any other changes...
  • BullsitterBullsitter Posts: 5,896 ✭✭✭✭✭
    Same song, different verse.
    Did it with the 2006s and will do it on these.

    I quit collecting ASEs when my '06 Reverse got those horrible spots. Sold every one of them and haven't looked back.


    Keep 'em dry as possible...high humidity will do 'em in.

  • 7over87over8 Posts: 4,733 ✭✭✭
    No spots on the 2006 nor the 2011 sets.

    Storage in dry conditions, mostly in ziplock baggie
  • BigABigA Posts: 2,715 ✭✭✭✭


    << <i>Why do you have to pay $25 per coin??? >>



    Good question...
  • So by now I've heard of spots on ASEs and toning on Gold coins in PCGS holders.

    Any known similar problems with Plats in PCGS plastic?
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭


    << <i>We pay PCGS to house and grade them. We pay the mint to produce, package , present and ship them. Both of those entities would pay us if we could prevent them image spots from developing on them. >>



    I don't know that The Mint gives a hoot.

    I've heard (have no idea whether it's true) that some of this has to do with some sort of wash that The Mint uses. Supposedly if The Mint simply rinced the coins (again, I've heard this suggested, have no idea if it's true) that this would not happen. Once The Mint sells them, they're done. They certainly don't spot within the 7 day return period.

    I think that PCGS has a standing offer of $50K to anyone who can figure out how to prevent spotting. Is this correct?

    There are a lot of smart, highly educated people in numismatics. Hopefully someday someone will figure it out.
    Land of the Free because of the Brave!
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭


    << <i>So by now I've heard of spots on ASEs and toning on Gold coins in PCGS holders.

    Any known similar problems with Plats in PCGS plastic? >>




    Platinum will not spot, tone, corrode, etc.
  • GoldbullyGoldbully Posts: 17,934 ✭✭✭✭✭


    << <i>

    << <i>So by now I've heard of spots on ASEs and toning on Gold coins in PCGS holders.

    Any known similar problems with Plats in PCGS plastic? >>




    Platinum will not spot, tone, corrode, etc. >>



    Moisture from your breath or some other source can cause black spots on the plats.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    I think that PCGS has a standing offer of $50K to anyone who can figure out how to prevent spotting. Is this correct?

    There are a lot of smart, highly educated people in numismatics. Hopefully someday someone will figure it out. >>




    I know. Pull and near absolute vacuum on the inside of the slabs before sealing with a visual vacuum indicator built in to assure the seal is still good. Might help with the counterfeiting also. Now where do I collect the 50K?
    Gold and silver are valuable but wisdom is priceless.
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭


    << <i>

    << <i>Hi, I just got off phone and they said to send them in. I asked if they would replace them and she said no they would clean it if they can. I'm boxing them up tonight.I'll post my results when returned.Laters

    Also at $25 a coin I hope they clean it good >>




    Why do you have to pay $25 per coin??? Did PCGS totally get rid of their grading guarantee???? I know they went back on their copper color guarantee awhile back, but hadn't heard of any other changes... >>



    The $25/coin is a "new policy" this year. I found this out when I sent some AGEs in w/spots :-(
    Land of the Free because of the Brave!
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭
    I just checked all of my slabed ASE Proofs and RPs.

    The proof in my single 20th anniv. ASE set still in the OGP is perfect. The RP has toned a little on the rim, but no spots.

    Of the proof and RP in my two raw 25 anniv. ASE sets there are no spots, they all look perfect.

    I have 5 graded 25th Anniv. sets from ATS. All are perfect.

    All of my '08 w/rev. of '07 burnished coins, from PCGS and ATS are spot and tone free.

    My one 1995 W, also from ATS, has no spots or toning.

    Might be selling my two sealed boxes (one with two sets and one with three) sooner rather than later as I had planned.
    Land of the Free because of the Brave!


  • << <i>

    << <i>

    << <i>Hi, I just got off phone and they said to send them in. I asked if they would replace them and she said no they would clean it if they can. I'm boxing them up tonight.I'll post my results when returned.Laters

    Also at $25 a coin I hope they clean it good >>




    Why do you have to pay $25 per coin??? Did PCGS totally get rid of their grading guarantee???? I know they went back on their copper color guarantee awhile back, but hadn't heard of any other changes... >>



    The $25/coin is a "new policy" this year. I found this out when I sent some AGEs in w/spots :-( >>



    If that's true,then I'm selling every PCGS slabbed coin that I own now!
  • lordmarcovanlordmarcovan Posts: 43,876 ✭✭✭✭✭
    Gawd, I'm glad I'm not PCGS.

    Gawd, I'm glad I'm not a collector of modern supergrade stuff that's prone to spots.

    My old stuff usually has a pretty thick "skin" and is more stable.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Hi, I just got off phone and they said to send them in. I asked if they would replace them and she said no they would clean it if they can. I'm boxing them up tonight.I'll post my results when returned.Laters

    Also at $25 a coin I hope they clean it good >>




    Why do you have to pay $25 per coin??? Did PCGS totally get rid of their grading guarantee???? I know they went back on their copper color guarantee awhile back, but hadn't heard of any other changes... >>



    The $25/coin is a "new policy" this year. I found this out when I sent some AGEs in w/spots :-( >>



    If that's true,then I'm selling every PCGS slabbed coin that I own now! >>




    That doesn't make any sense! You can send the coins in for re grade cheaper than that!!
  • Did u sent them in under the guarantee or spot check?
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>

    << <i>Hi, I just got off phone and they said to send them in. I asked if they would replace them and she said no they would clean it if they can. I'm boxing them up tonight.I'll post my results when returned.Laters

    Also at $25 a coin I hope they clean it good >>




    Why do you have to pay $25 per coin??? Did PCGS totally get rid of their grading guarantee???? I know they went back on their copper color guarantee awhile back, but hadn't heard of any other changes... >>



    The $25/coin is a "new policy" this year. I found this out when I sent some AGEs in w/spots :-( >>



    If that's true,then I'm selling every PCGS slabbed coin that I own now! >>




    That doesn't make any sense! You can send the coins in for re grade cheaper than that!! >>





    What if you got a lower grade? Savings might not seem so good then.
    Gold and silver are valuable but wisdom is priceless.
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭


    << <i>Did u sent them in under the guarantee or spot check? >>



    I called to discuss that with as cust. svc. manager. She said that there is no longer "spot review" only grade guarantee. Spot review has been consolidated into grade guarantee. The fee is $25/coin + return shipping. No turn-around time is specified for this service as each coin is reviewed by the President of PCGS personally.

    If you have any questions, I'd call. They are very good with phone customer service.
    Land of the Free because of the Brave!
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>

    What if you got a lower grade? Savings might not seem so good then. >>




    On a regrade the grading guarantee applies so you're guaranteed the coin won't grade lower... and if the coin deserves a lower grade then you'd be compensated under the guarantee.

    So with any problem MS70/PR70 coins, it seems sending them in as modern regrades at $14/coin would be way better than paying this new ******* $25/coin charge... image
  • SpkrmakrSpkrmakr Posts: 107 ✭✭✭
    Now I'm worried.. Could my 5 sealed sets be spotting? I think I will let the next owner, that my grandchildren sell to worry about that.
    Spkrmakr


  • << <i>Now I'm worried.. Could my 5 sealed sets be spotting? I think I will let the next owner, that my grandchildren sell to worry about that. >>



    I hope the buyer isn't a gun collector too!
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭


    << <i>

    << <i>

    What if you got a lower grade? Savings might not seem so good then. >>




    On a regrade the grading guarantee applies so you're guaranteed the coin won't grade lower... and if the coin deserves a lower grade then you'd be compensated under the guarantee.

    So with any problem MS70/PR70 coins, it seems sending them in as modern regrades at $14/coin would be way better than paying this new ******* $25/coin charge... image >>



    Say you would rather have the coin restored vs. being compensated the difference between the current and former grade. I don't think that they will do this under re-grade. Under grade guarantee they will remove the spots if possible. All of the gold coins that I've sent in under this service (AGEs and commems.) have come back perfect.
    Land of the Free because of the Brave!
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭


    << <i>

    << <i>Now I'm worried.. Could my 5 sealed sets be spotting? I think I will let the next owner, that my grandchildren sell to worry about that. >>



    I hope the buyer isn't a gun collector too! >>



    Sealed sets are sold AS IS. May be spots, may be loose coins.
    Land of the Free because of the Brave!
  • Okay I just checked my slabbed coins in the other room. Most of my position in the 25th coins is in sealed cases, but I do have a few slabbed sets and extras lying around and here is what I can tell you regarding just the proof coins:

    4 PCGS flag holder FS PR70 coins -- all look perfect still
    2 raw proofs that I sold last week -- spot free IIRC
    3 PCGS Mercanti FSPR70 coins -- I just checked and one of them looks like *#%@! already. It was mint just two months ago and has been stored inside an archival quality slab holder.
    3 NGC ER PR69 -- all fine

    FWIW spotting has always been an issue with ASE's, however if you simply search "milk spot" on eBay you'll find *many* more spotted examples in PCGS holders than other slabs or raw. That doesn't mean anything necessarily and I'm not implying anything with that statement, however anyone reading this could simply follow eBay auctions for a few months and corroborate that statement for themselves. I don't blame any grader for this problem, though it seems to affect one more than the other, but I blame this solely on the US mint. If other world mints can make .999 that doesn't spot WHY CAN'T THE US MINT DO THE SAME? Surely PCGS could use it's influence to somehow lobby the mint to change how they produce blanks, right? I realize it's not any graders fault (or even their problem for that matter), BUT in this case it seems like the hobby itself would benefit if pcgs and ats teamed up to pressure the mint in whatever way that they could. (Yes I realize a solution to the issue is a pipe dream, but it's nice to dream isn't it?)


    image
  • epcjimi1epcjimi1 Posts: 3,489 ✭✭✭


    << <i>Gawd, I'm glad I'm not PCGS. >>



    I wish I was.

    I wonder what a google earth would reveal about the type of cars parked in their employee parking lot.

    I bet there isn't a '98 Honda Civic hatchback, 5 speed! image
  • GoldbullyGoldbully Posts: 17,934 ✭✭✭✭✭


    << <i>

    << <i>Gawd, I'm glad I'm not PCGS. >>



    I wish I was.

    I wonder what a google earth would reveal about the type of cars parked in their employee parking lot.

    I bet there isn't a '98 Honda Civic hatchback, 5 speed! image >>




    Nor any Ford Pintos........

    image
    image


  • << <i>Just what she said.I think they would clean easy though. >>



    Does anyone know how they are going to clean them?
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • smokincoinsmokincoin Posts: 2,636 ✭✭✭
    84 posts and this is all we have to show for it? image


    << <i>image
    image >>

  • Disappointing to hear about spotting. Also quite disappointed with PCGS over their new $25 fee. My coins look OK, though a few of my nmms have what looks like a circular break in the finish that looks like it was probably part of the strike and not something that happened later.

    Any reports of NGCs spotting up?
    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    " I don't blame any grader for this problem, though it seems to affect one more than the other, but I blame this solely on the US mint. "

    Help me understand this please.
    If it affects one grader more than the others that inplicates that grading service at least in part or as contributing to the problem.
    How then can you SOLELY blame the mint?
    Seems a little contradictory.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • I am nearly speechless, but not surprised! I am still not done chewing the copper thing; this $25 is nearly amazing. Having never SUBMITted (I don't submit, I don't like that word) I was under the incorrect notion the $25 was referring to coverage provided by the submission fee/guaranty - that it could not be an additional $25 over whatever the submission fee is. Amazing.

    Eric

    Edited to add: How they will clean them is unknown?
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭
    One would think that with all of the new Mint depts./Mint reorganization described in the current issue of CW that The Mint would make an effort to address this spotting issue with the major TPGs.

    They are COLLECTOR coins. LOTS of collectors have these collector coins encapsulated by TPGs. There are even reports of coins spotting in the OGP. It's just amazing that The Mint has not done this.

    Further, I think that The Mint could gain more insight into what collectors want by simply following these PCGS forums than by all the surveys and advisory boards combined many times over.

    Some of this stuff seems so simple, so obvious, yet it never happens.

    Rant over
    Land of the Free because of the Brave!
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭


    << <i>I am nearly speechless, but not surprised! I am still not done chewing the copper thing; this $25 is nearly amazing. Having never SUBMITted (I don't submit, I don't like that word) I was under the incorrect notion the $25 was referring to coverage provided by the submission fee/guaranty - that it could not be an additional $25 over whatever the submission fee is. Amazing.

    Eric

    Edited to add: How they will clean them is unknown? >>



    Not sure that I understand your post.

    The $25 is the new fee required to submit a coin for grade guarantee. There is there is no more spot review per se, it's all under grade guarantee and has a new $25 fee (+ return shipping).

    What's the deal with "this copper thing"?


    Land of the Free because of the Brave!
  • RaufusRaufus Posts: 6,889 ✭✭✭✭✭
    One thing to consider in this tread is that this most valuable, informative and enjoyable forum is generously provided, free of charge, by our host.
    Land of the Free because of the Brave!
  • MilesWaitsMilesWaits Posts: 5,425 ✭✭✭✭✭
    I feel for those that have purchased the PCGS high grade sets and now have the option of paying an addditional $25 per for a 'solution.'

    Or the option to live with the results of spotting. Or to sell them 'as is.'

    Or, like me, to generally avoid the graded ASE sets and singles and largely 'collect' ASE rolls where I am focused singularly on the silver value.

    I appreciate the role the Mint plays in my enjoyment of this recent HOT issue and I am so thankful I only kept a few of the 2006 and 2011 Anniv. sets!

    I have yet to see any spotting in my reverse 07/08's; although, they are either raw or NGC.

    Thanks to all of you that have shared your experiences with spotting! I am learning.......

    Miles
    Now riding the swell in PM's and surf.
  • This is why ATS rules my ASE collection never had spotting with them stored in the proper manner

    Gary*
    Ebay Seller Americansilvereagle 800+ feedback


  • << <i>

    << <i>I am nearly speechless, but not surprised! I am still not done chewing the copper thing; this $25 is nearly amazing. Having never SUBMITted (I don't submit, I don't like that word) I was under the incorrect notion the $25 was referring to coverage provided by the submission fee/guaranty - that it could not be an additional $25 over whatever the submission fee is. Amazing.

    Eric

    Edited to add: How they will clean them is unknown? >>



    Not sure that I understand your post.

    The $25 is the new fee required to submit a coin for grade guarantee. There is there is no more spot review per se, it's all under grade guarantee and has a new $25 fee (+ return shipping).

    What's the deal with "this copper thing"? >>



    Search under copper.
    I thought you paid for the guarantee when...you paid for the guarantee?

    Magikbilly



  • << <i>One would think that with all of the new Mint depts./Mint reorganization described in the current issue of CW that The Mint would make an effort to address this spotting issue with the major TPGs.

    They are COLLECTOR coins. LOTS of collectors have these collector coins encapsulated by TPGs. There are even reports of coins spotting in the OGP. It's just amazing that The Mint has not done this.

    Further, I think that The Mint could gain more insight into what collectors want by simply following these PCGS forums than by all the surveys and advisory boards combined many times over.

    Some of this stuff seems so simple, so obvious, yet it never happens.

    Rant over >>



    Agreed. It really is ridiculous the Mint hasn't moved to fix these problems.
    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • All my ASEs are vacuum sealed. It's really not too expensive to do. I almost want to stick my entire collection in vacuum bags.

  • When the mint moves to fairly distribute these types of sets, I will worry about their planchet washing.
    For now, I will concentrate on offerings other than the U.S. mint.


  • << <i>So by now I've heard of spots on ASEs and toning on Gold coins in PCGS holders.

    Any known similar problems with Plats in PCGS plastic? >>



    I have never seen a problem with PCGS plastic and platinum eagles. ASE have a very high toning/spotting rate in PCGS plastic in my personal experience.



  • << <i>

    << <i>Hi,I have 13 sets of the 25th pcgs 70 sets. I was looking at them today and noticed 11 of the proofs have spots. Few are really covered in some areas. My proofs from ATS are okay so far. This spotting issue is going to make me not buy PCGS 70s any more. >>



    Interesting considering all the NGC bashing in another thread over the last few days. >>



    Yeah I thought NGC was the worst grading company know to mankind around here, well at least their holders are good for keeping coins inert.image


  • << <i>" I don't blame any grader for this problem, though it seems to affect one more than the other, but I blame this solely on the US mint. "

    Help me understand this please.
    If it affects one grader more than the others that inplicates that grading service at least in part or as contributing to the problem.
    How then can you SOLELY blame the mint?
    Seems a little contradictory. >>

    As in pass the Koolaid!
  • BigABigA Posts: 2,715 ✭✭✭✭


    << <i>This is why ATS rules my ASE collection never had spotting with them stored in the proper manner >>



    Believe me....ATS slab coins spot as well....I have sent in five 70's under grade guarantee and all have been replaced or purchased. There is no extra charge other than shipping...they do NOT replace 69's as the spots seem to fall under into "properly graded.

    I feel very secure with 70's from either company as I know they will be taken care of if needed.

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